Whittier Trust Co. of Nevada Inc. grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 167,678 shares of the information services provider's stock after acquiring an additional 3,872 shares during the period. Alphabet comprises 0.8% of Whittier Trust Co. of Nevada Inc.'s portfolio, making the stock its 23rd largest position. Whittier Trust Co. of Nevada Inc.'s holdings in Alphabet were worth $31,741,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bennett Selby Investments LP raised its stake in shares of Alphabet by 4.0% in the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock worth $256,000 after purchasing an additional 52 shares during the last quarter. Macroview Investment Management LLC increased its holdings in Alphabet by 4.2% in the 4th quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock worth $245,000 after buying an additional 52 shares in the last quarter. Conrad Siegel Investment Advisors Inc. raised its position in Alphabet by 0.5% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock worth $1,864,000 after buying an additional 53 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in Alphabet by 2.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock valued at $457,000 after acquiring an additional 53 shares during the period. Finally, Addison Advisors LLC boosted its holdings in shares of Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock valued at $1,425,000 after acquiring an additional 53 shares during the last quarter. 40.03% of the stock is owned by institutional investors.
Alphabet Stock Down 1.1 %
GOOGL stock traded down $1.61 during trading on Friday, hitting $149.11. 10,572,264 shares of the company's stock traded hands, compared to its average volume of 27,410,744. The business has a fifty day simple moving average of $176.24 and a two-hundred day simple moving average of $176.77. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.82 trillion, a P/E ratio of 18.50, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 1 year low of $144.48 and a 1 year high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is 9.94%.
Insider Activity
In other news, insider Ruth Porat sold 17,690 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the completion of the sale, the insider now owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This represents a 1.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 29,066 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total value of $5,374,012.74. Following the transaction, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. This trade represents a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,297 shares of company stock worth $15,936,270. Corporate insiders own 11.55% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on GOOGL. JMP Securities reissued a "market perform" rating on shares of Alphabet in a report on Wednesday, February 5th. Jefferies Financial Group cut their target price on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research report on Monday. Wells Fargo & Company lowered their target price on Alphabet from $184.00 to $167.00 and set an "equal weight" rating on the stock in a research report on Monday. Roth Mkm reaffirmed a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $209.13.
Check Out Our Latest Stock Report on Alphabet
Alphabet Profile
(
Free Report)
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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